Poor citizens will be greatly affected by a increase in taxes,nobody takes into account there day to day living,rent,utilities,food and that's just to name a few.
Answer:
EAR = 5.01%
Explanation:
Given that
APR = 4.9% = 0.049
Loan amount = initial amount - deposited amount
= 17345 - 6000
= 11,345
PV = 11345
Frequency of compounding, m = 12
Recall that
EAR = (1 + r/m)^n - 1
Thus,
= (1 + 0.049/12)^12 - 1
= 1+ 0.049/12^12 - 1
= 1.0501 - 1
= 0.0501 ×100
= 5.01%
Answer:
account B
Explanation:
only can choose between b & C based on min balance of $300
since ATM are free for ABC ATMs, that is cheaper than Account C
Answer: Reserves and the monetary base; the money supply ( please check your options, they are not clear)
Explanation:
An open market operation (OMO) is an operation by a central bank to give lquidity to a bank or receive liquidity in its currency from a bank. A central bank uses OMO as the major means of balancing monetary policy target in terms of inflation, interest rates, or exchange rates, by purchasing or selling of government securities so as to to expand or contract money in the bank system and control interest rates.
The use of open market operations as a monetary policy tool ultimately helps the Fed pursue its dual responsibilities- improving employment and influencing prices—by controlling the supply of reserves in the banking system, which leads to interest rate changes.
Open market sales therefore shrink Reserves and Monetary base thereby lowering the Money Supply.
